Tyson Foods, Inc. (NYSE:TSN) released its earnings report for its fiscal fourth quarter of 2017 on Monday.
Source: Quinn Dombrowski via Flickr
During its fourth quarter of the year, Tyson Foods, Inc. reported earnings per share of $1.43. This is an increase over its earnings per share of 96 cents from the same time last year. It was also a blessing for TSN stock by beating out Wall Street’s earnings per share estimate of $1.38 for the quarter.
The good news for TSN stock continues with revenue of $10.15 billion for its fiscal fourth quarter of 2017. This is up from its revenue of $9.16 billion reported in its fiscal fourth quarter of 2016. Analysts were looking for the company to report revenue of $9.89 billion in its fiscal fourth quarter of 2017.
Operating income reported by Tyson Foods, Inc. in its fiscal fourth quarter of the year was $681 million. The food company reported operating income of $586 million in the same fiscal period of the year prior.
Tyson Foods, Inc. reported net income of $395 million in its fiscal fourth quarter of 2017. This is slightly better than its net income of $392 million reported in the same fiscal quarter of the previous year.
Tyson Foods, Inc. also included its guidance for fiscal 2018 in its most recent earnings report. TSN is expecting earnings per share of the year to range from $$5.70 to $5.85 during the period. Wall Street is estimating earnings per share of $5.81 for the upcoming fiscal year.
TSN stock was up slightly as of Monday morning and is up 21% year-to-date.
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As of this writing, William White did not hold a position in any of the aforementioned securities.